Intrepid Capital Management Inc. Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Intrepid Capital Management Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,585 shares of the e-commerce giant’s stock after acquiring an additional 284 shares during the quarter. Intrepid Capital Management Inc.’s holdings in Amazon.com were worth $1,600,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its position in shares of Amazon.com by 3.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 374,376 shares of the e-commerce giant’s stock worth $69,758,000 after buying an additional 13,953 shares during the last quarter. Investmark Advisory Group LLC lifted its position in shares of Amazon.com by 0.9% during the 3rd quarter. Investmark Advisory Group LLC now owns 7,950 shares of the e-commerce giant’s stock worth $1,481,000 after buying an additional 70 shares during the last quarter. Investment Management Corp of Ontario lifted its position in shares of Amazon.com by 10.2% during the 3rd quarter. Investment Management Corp of Ontario now owns 858,074 shares of the e-commerce giant’s stock worth $159,885,000 after buying an additional 79,326 shares during the last quarter. Iron Gate Global Advisors LLC lifted its position in shares of Amazon.com by 1.0% during the 3rd quarter. Iron Gate Global Advisors LLC now owns 326,144 shares of the e-commerce giant’s stock worth $60,770,000 after buying an additional 3,234 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Amazon.com by 3.3% during the 3rd quarter. Janus Henderson Group PLC now owns 30,503,025 shares of the e-commerce giant’s stock worth $5,683,575,000 after buying an additional 969,227 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMZN. BMO Capital Markets restated an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. Redburn Atlantic lifted their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Pivotal Research assumed coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a report on Tuesday, December 10th. Finally, Moffett Nathanson lifted their target price on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $243.67.

Amazon.com Price Performance

Amazon.com stock opened at $218.94 on Friday. Amazon.com, Inc. has a 52 week low of $149.91 and a 52 week high of $233.00. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm’s 50-day simple moving average is $216.20 and its 200 day simple moving average is $195.41. The firm has a market capitalization of $2.30 trillion, a PE ratio of 46.88, a P/E/G ratio of 1.54 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the firm earned $0.85 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the transaction, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 in the last three months. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.